The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Hind Aluminium Industries has filed a Regulation 10(7) disclosure reporting an inter-se transfer of 13,67,252 equity shares (21.70% of share capital) within the promoter group by way of Gift/Distribution Deed. Acquirers Shailesh Daga and Raghav Daga (sons of Lalit Kumar Daga) received shares from Lalit Kumar Daga, Sheela Daga, L.K. Daga & Sons HUF, and Lalit Shailesh Daga HUF. Shailesh Daga's stake rose from 3.98% (2,50,982 shares) to 14.39% (9,06,830 shares); Raghav Daga's stake rose from 3.99% (2,51,276 shares) to 15.28% (9,62,680 shares). The sellers were reduced to zero holding. The aggregate promoter group holding remains unchanged at 29.67%, meaning no open offer trigger. Acquisitions were completed on 18 July 2025 (Raghav) and 30 July 2025 (Shailesh), with a fee of Rs.1,50,000 paid to SEBI.
This is a family-level restructuring with no change in total promoter ownership (29.67% before and after), so there is no impact on promoter control or open offer obligation. Shareholders should note a generational shift in ownership to the next generation (Daga sons), which is neutral for the stock price.